ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

360m, any thoughts? Hourly has 3 raising troughs.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1945786>
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King, above was 360m from yesterday & here is hourly current with them 3 rising troughs that I was referring to, ImPO we could be seeing a birth of a daily chart's bull here. Here's the current hourly chart. Have a good flight man!


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1946737>
 

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I will be looking to initiate a short position near the close. I don't see any weakness in the charts yet but the r/r is too good to pass up at current leves (1397).

Ideally, I'd like to see the market get to 1404.

I suspect we might get there as gap and go days lately seem to trend the entire day (observation, no hard statistics).
 
Quote from MandelbrotSet:

FWIW, I think this is a head fake and we close the gap.
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I was dead wrong on this one.

Chances are it stays up, even with a small retrace from this point forward.
 
I've been preparing for a trip and haven't really been at the screens today.


JSSPMK,
on that chart you posted, when you say 3 rising troughs on the 60m, are you counting the 3rd trough as having occurred at the beginning of yesterday's AH?

tomorrow, everyone have a great weekend. For me, my weekend starts right now.

remember what apex82 said back in Jan: a rise into the employment report often sees a spell of weakness in the following week.
 
no i won it back the next day if i am not mistaken.

Quote from bvam1:

Gwac, welcome back buddy! Somebody owes me tons of beer :) Quadruple or nothing? I call a reversal on this to, say, close to 85.
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